Google’s Quarterly earnings announced

By on July 16, 2011
submit to reddit

$9.02 billion in revenue, $2.51 billion in net income

Tags:
Google seems to have outdone itself with its quarterly earnings results this time around posting massive numbers in both revenue and net income. $9.02 billion in revenue nd $2.51 billion in net income to be more specific.
The $9.02 billion in gross revenue for Q2 of 2011 is a staggering 32% increase over the same period back in 2010. Larry Page, the Current CEO, also bragged of net income numbers of $2.51 billion which increased from the $1.84 billion in the same quarter in 2010. Statistics also show that 69% of the revenue earned came from Google’s various sites.
The only noticeable downside to this seems to be the Operating expenses of the search giant which increased from $1.99 billion in 2010 to $2.97 billion this year.
whats more is that Larry Page announced that 550,000 android devices were being activated per day which in itself is an increase from the 500,000 figure he announced just last month.

About

Humourist, news-junkie, bassist, petrol-head and techie. Best when caffeinated. Seasoned collector of lame puns and professional grumpy old man. Follow him on twitter: @nabilfahim

Comments
Most Read
Most Commented
Competitions
Win two Toshiba AT200 tablets

This festive season Toshiba has 2 tablets to giveaway.

Win an MSI FM2-A85XA-G65 Motherboard

Thanks to MSI we have an great AMD FM2 motherboard to giveaway.

Win a Nokia Asha 311

Thanks to Nokia we have a great entry-level smartphone to giveaway.